Sunday, October 02, 2005
One of my favorite library rss feeds, The Resource Shelf, announced the release of the OECD, (Organisation for Economic Co-operation and Development) Economic Survey of China on September 16. This comprehensive study of all facets of the Chinese economy is the first to be issued by this organization. There is an executive summary and 8 page policy brief. Some of the highlights I gleaned from the summary: the Chinese economy over the past 20 years has averaged a 9.5% annual growth rate, the highest of any country over the past 50 years; Chinese savings are 1/2 of the annual GDP; these gains have led to large increases in personal wealth as well as significant reductions in poverty; there has been a cost to this development--pollution in China--where 5 of the 10 most polluted cities in the world are Chinese. This economic report is readable for the layperson and provides extremely valuable information on the Chinese economic power in the world today.